A new community development on Lakeshore Parkway near I-65 could help fill a void in housing in the greater Birmingham area.
Birmingham-based Dobbins Group LLC, a multi-family real estate investment firm formed in 2010, plans to develop a $45.6 million, 280-unit community on 17 acres. Slated to be complete by mid-2021, Capstone Building Corp., also of Birmingham, will serve as the contractor, while Williams Blackstock Architects designed the project. LBYD will serve as civil engineer and Dix Hite and Partners as the landscape architects.
“We see this as an opportunity to fill a void in the market between urban deals and older, very-suburban communities,” says Thornton Ratliff, vice president of development for Dobbins Group. “We’re only eight minutes from UAB and Birmingham’s Central Business District, and five minutes from Samford and midtown offices, allowing for a diverse resident pool.”
With 17 acres, the property will offer more amenities, from a larger saltwater pool and 3,000-square-foot pet park to a fitness center building and a yoga and spin building and multiple grilling locations.
The apartment community will be available in 1-, 2- or 3-bedroom options that are expected to range from $1,250 to $2,000 per month. Units will feature 9-foot ceilings, granite countertops, soaking bathtubs, walk-in closets and premium appliances.
